Betting Promotion: END OF YEAR REPORT 2011

October - December 2011

  • Betting turnover: SEK 1,780 million (2,590)
  • Net turnover after trading fees: SEK 10.6 million (8.9)
  • Gross margin:  0.60% (0.34)[1]
  • Operating income: SEK  1.7 million (1.3)
  • Operating margin:  16% (14)[2]
  • Net income from continuing operations: SEK 2.9 million (0.4)[3]
  • Earnings per share from continued operations: 0.30 SEK (0.04)3

 

January – December 2011

  • Betting turnover: SEK  6,731 million (8,447)
  • Net turnover after trading fees: SEK 17.4 million (39.9)
  • Gross margin:  0.26% (0.47)
  • Operating income: SEK -10.7 million (13.5)
  • Operating margin: -61%  (34)
  • Net income from continuing operations:  SEK -10.0 million (13.5)3
  • Earnings per share from continuing operations:  SEK -1.05 (1.42)3

 

[1] Net Turnover after trading fees as percent of Betting Turnover

[2] Operating Income as percent of Net Turnover after trading fees

[3] Results before disposal of GameVillage Ltd

 

(For complete end of year report see attached file)

 

Managing Director Comments

“Gross margin for the year has been a disappointment, mainly due to the poor results of quarter one. However it is pleasing to see the development of the Bookmaker product and the influx of customers during the latter part of the year” says Betting Promotion's CEO Johan Moazed.

 

For further information please contact:

Johan Moazed, Managing director of Betting Promotion Sweden AB.

Telephone +46 40 611 84 94

Company information

Betting Promotion

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